Minor as a shareholder in company
This query is : Resolved
18 November 2015
Can a minor hold 90% shares of a pvt ltd company?
What shall be its implication?
24 November 2015
No.
A minor, being incapable of contracting, can't become a member of a company in his own name. His name may be entered in the register of members of the company through a guardian.
However, a minor, on attaining majority, may opt to become a member.
A minor, being incapable of contracting, can't become a member of a company in his own name. His name may be entered in the register of members of the company through a guardian.
However, a minor, on attaining majority, may opt to become a member.
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